Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) has been awarded an average “Buy” recommendation by the twelve research companies that currently cover the business, Marketbeat.com reports. Ten equity research analysts rated the stock with a Buy recommendation. The 12-month average price target among analysts who have updated their coverage of the stock over the past year is $55.55.
ASO has been the subject of a number of research analyst reports. Stephens raised his target price on Academy Sports and Outdoors from $70.00 to $72.00 and gave the company an “overweight” rating in a Wednesday, June 8 research note. Goldman Sachs Group cut its price target on Academy Sports and Outdoors from $61.00 to $49.00 and set a “buy” rating for the company in a Wednesday, May 4 research report. UBS Group reduced its price target on Academy Sports and Outdoors to $55.00 in a Thursday, June 9 research report. Truist Financial assumed coverage for Academy Sports and Outdoors in a Wednesday, May 11 research report. They set a “buy” rating and a price target of $53.00 for the company. Finally, Wells Fargo & Company reduced its price target on Academy Sports and Outdoors from $62.00 to $58.00 and set an “overweight” rating for the company in a Thursday, March 24 research report.
Academy Sports and Outdoors stock opened at $34.35 on Friday. Academy Sports and Outdoors has a one-year minimum of $25.10 and a one-year maximum of $51.08. The company has a debt ratio of 0.45, a current ratio of 1.56 and a quick ratio of 0.44. The stock’s 50-day moving average is $36.39 and its 200-day moving average is $37.44. The company has a market capitalization of $2.92 billion, a P/E ratio of 4.93, a P/E/G ratio of 0.51 and a beta of 1.65.
Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last released quarterly earnings data on Tuesday, June 7. The company reported earnings per share of $1.73 for the quarter, beating the consensus estimate of $1.41 by $0.32. The company posted revenue of $1.47 billion in the quarter, versus $1.45 billion expected by analysts. Academy Sports and Outdoors had a return on equity of 47.24% and a net margin of 9.66%. The company’s revenue was down 7.1% year over year. In the same quarter last year, the company posted EPS of $1.89. Stock analysts expect Academy Sports and Outdoors to post earnings per share of 7.06 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 14. Shareholders of record on Thursday, June 16 will receive a dividend of $0.075. This represents a dividend of $0.30 on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Wednesday, June 15. The Academy Sports and Outdoors payout ratio is 4.30%.
Institutional investors and hedge funds have recently changed their stock holdings. Prospera Financial Services Inc bought a new stake in shares of Academy Sports and Outdoors in the first quarter worth $26,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Academy Sports and Outdoors in the first quarter worth $26,000. Future Financial Wealth Managment LLC bought a new stake in Academy Sports and Outdoors stock in the fourth quarter worth $44,000. Captrust Financial Advisors increased its holdings of Academy Sports and Outdoors shares by 55.0% in the first quarter. Captrust Financial Advisors now owns 1,006 shares of the company worth $40,000 after acquiring 357 additional shares during the period. Finally, Covestor Ltd purchased a new stake in shares of Academy Sports and Outdoors in the fourth quarter at a value of $59,000. 89.94% of the shares are held by institutional investors.
About the Sports and Outdoors Academy (Get a rating)
Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a retailer of sporting goods and outdoor recreation products in the United States. The company sells coolers and glasses, camping accessories, camping gear, sunglasses, backpacks and sports bags. marine equipment and fishing rods, reels, bait and equipment; firearms, ammunition, archery and archery equipment, camouflage clothing, waders, shooting accessories, optics, airguns and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racquet sports and volleyball; fitness equipment and accessories and nutritional supplies; and patio furniture, outdoor kitchen, rolling items, trampolines, play sets, water sports and pet equipment, as well as electronics, watches, consumables, batteries, etc.
This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Academy Sports and Outdoors right now?
Before you consider Academy Sports and Outdoors, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Academy Sports and Outdoors didn’t make the list.
While Academy Sports and Outdoors currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here